Andy knows nothing about horses. Peter, an expert horse trainer, knows that a certain horse has no talent and is not likely to win any competitions. Peter convinces Andy to buy the horse for $500,000 by assuring him that it has great talent. The horse turns out to have no talent and never wins any competitions. Andy can most likely recover damages based ona. fraud. b. mistake. c. undue influence. d. duress.

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Business

Leah Owen

8 May, 18:10

Andy knows nothing about horses. Peter, an expert horse trainer, knows that a certain horse has no talent and is not likely to win any competitions. Peter convinces Andy to buy the horse for $500,000 by assuring him that it has great talent. The horse turns out to have no talent and never wins any competitions. Andy can most likely recover damages based ona. fraud. b. mistake. c. undue influence. d. duress.

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Answers (1)

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Clark Bullock · Answer 1

Fraud

Explanation:

In the scenario it is established that ''Andy knows nothing about horses.'' Peter, an expert horse trainer, knows that a certain horse has no talent and is not likely to win any competitions.

Since Peter knew that the horse cannot win but convinced Andy to buy the horse for $500,000 by assuring him that it has great talent.

Andy can most likely recover damages based on a fraud.

A fraud is a wrongful or criminal deception intended to result in financial or personal gain.

Peter deceived Andy with the intention of making financial gain.